The jackpot for the Powerball draw on Mon Apr 6, 2026, is projected to be $231 Million, with an option for a cash payout of $105 Million. Should you be the lucky winner of the Powerball jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For New York residents, the state will deduct 8.82% from your lottery earnings.
| New York Powerball Jackpot/Cash Option for Mon Apr 6, 2026 |
|---|
| Draw Date | Mon Apr 6, 2026 | | Projected Jackpot | $231,000,000 | | Cash Value | $105,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $105,000,000 | | Federal Tax(24%) | $25,200,000 | | Additional Federal Tax | $13,610,330 | | State Tax(8.82%) | $9,261,000 | | Net Lumpsum Payment | $56,928,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,476,781 |
$1,246,739
$306,652 |
$1,923,390 |
| 2 |
$3,650,724 |
$1,311,098
$321,994 |
$2,017,632 |
| 3 |
$3,833,214 |
$1,378,620
$338,089 |
$2,116,505 |
| 4 |
$4,024,944 |
$1,449,560
$355,000 |
$2,220,384 |
| 5 |
$4,226,145 |
$1,524,004
$372,746 |
$2,329,395 |
| 6 |
$4,437,510 |
$1,602,209
$391,388 |
$2,443,913 |
| 7 |
$4,659,270 |
$1,684,260
$410,948 |
$2,564,062 |
| 8 |
$4,892,349 |
$1,770,500
$431,505 |
$2,690,344 |
| 9 |
$5,136,978 |
$1,861,012
$453,081 |
$2,822,885 |
| 10 |
$5,393,850 |
$1,956,055
$475,738 |
$2,962,057 |
| 11 |
$5,663,427 |
$2,055,798
$499,514 |
$3,108,115 |
| 12 |
$5,946,633 |
$2,160,585
$524,493 |
$3,261,555 |
| 13 |
$6,243,930 |
$2,270,584
$550,715 |
$3,422,631 |
| 14 |
$6,556,242 |
$2,386,140
$578,261 |
$3,591,841 |
| 15 |
$6,884,031 |
$2,507,422
$607,172 |
$3,769,437 |
| 16 |
$7,228,221 |
$2,634,772
$637,529 |
$3,955,920 |
| 17 |
$7,589,505 |
$2,768,447
$669,394 |
$4,151,664 |
| 18 |
$7,969,038 |
$2,908,874
$702,869 |
$4,357,295 |
| 19 |
$8,367,513 |
$3,056,310
$738,015 |
$4,573,188 |
| 20 |
$8,785,854 |
$3,211,096
$774,912 |
$4,799,846 |
| 21 |
$9,225,216 |
$3,373,660
$813,664 |
$5,037,892 |
| 22 |
$9,686,523 |
$3,544,344
$854,351 |
$5,287,828 |
| 23 |
$10,170,699 |
$3,723,489
$897,056 |
$5,550,154 |
| 24 |
$10,679,361 |
$3,911,694
$941,920 |
$5,825,747 |
| 25 |
$11,213,202 |
$4,109,215
$989,004 |
$6,114,983 |
| 26 |
$11,774,070 |
$4,316,736
$1,038,473 |
$6,418,861 |
| 27 |
$12,362,658 |
$4,534,514
$1,090,386 |
$6,737,758 |
| 28 |
$12,980,814 |
$4,763,232
$1,144,908 |
$7,072,674 |
| 29 |
$13,629,924 |
$5,003,402
$1,202,159 |
$7,424,363 |
| 30 |
$14,311,374 |
$5,255,539
$1,262,263 |
$7,793,572 |
|
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